Maui AIDS Foundation is proud to offer bequests for will and trusts for individuals dedicated to the life-long work of HIV/AIDS education, prevention and treatment. We understand that losing a loved one can often leave us feeling confused and overwhelmed about what to do with their property
For more information on planned giving, please contact our donor development manger at 808-242-4900 or info@MauiAids.org.
Bequest Will and Trust Information
Maui AIDS Foundation is happy to accept bequests from wills and trusts to support the continued work of HIV/AIDS education, prevention and treatment. We understand that losing a loved one can often leave us feeling confused and overwhelmed about what to do with their property
Meeting with an attorney can help you clearly understand the benefits of leaving Maui AIDS Foundation in your trust or will. Collectively, you can decide who should receive your property, whether bequests should be outright or in a trust, who would be the best to serve as trustee or executor—your personal representative. Any special provisions should be clearly defined in your mind.
Your needs are unique, but for one reason or another, every adult needs a well-thought out will and/or trust that guarantees:
- Who will receive your property when you die? Without a will, the state dictates distribution ofyour probate estate, according to its own inflexible laws and in ways that may be totally contrary to your wishes.
- That the distribution of your property will be a lasting expression of your very own life, perhaps by arranging a special tribute to your loved ones, establishing a memorial in the names of your late parents, aiding an impoverished friend, or perhaps by remembering a favorite relative with a gift of carefully selected property.
- Minimization of taxes and other costs that will be payable at your death.
- You can provide practical security for beneficiaries who really are not qualified to manage properly their inheritance. A trust in your estate plan assures them all the rewards and advantages of property ownership but relieve them of its burdens and frustrations.
- Prevention of injustice to a member of your family.
Below are some common results of intestacy* if you are survived by:
Spouse and Children—Your spouse may have to split the estate with your children.
Spouse and No Children—Most of your estate will go to your spouse but part may go to your parents if they are living.
- Children Only—The children will share your estate in equal portions, with a separate portion divided
- among the child/children of a deceased child.
- No Spouse or Children—Your parents will inherit your entire estate. If parents are not living, your estate
- will be divided equally among brothers and sisters. After that your cousins or nearest blood relatives will
- receive your estate.
- No Known Relatives—Your entire estate will be transferred to the state of your domicile.
*The general rules vary from state to state; exact treatment would depend in the laws in effect in the
state where you are living at your death.
We all need a well thought-out will to make an efficient disposition of our assets, but we need also a
coordinated estate plan to accomplish unconditionally our personal objectives and to build a long lasting
memorial of our lives and our values.
Additionally, most individuals have two estates. One is a probate estate (all the assets you own
outright); the other is a gross estate (all of your probate asssets plus other assets that will pass by
contract or operation of law at your death). The latter include such assets as life insurance, jointly
owned property, employee death benefits, revocable trusts established during your lifetime etc.
It’s important to know the difference between the two estates because:
- We need to understand that a will disposes only of our probate estate, making clear that it alone is seldom enough to guarantee your wishes.
- It is clear that life insurance, jointly owned property, and other non-probate assets must be coordinated with your will.
- Your entire gross estate may be taxed upon your death, perhaps including properties that you do not actually own at the time of your death.
WILL YOU CONSIDER HELPING BY LEAVING MAUI AIDS FOUNDATION IN YOUR WILL OR TRUST?